EX-99.1 3 a2133023zex-99_1.htm EXHIBIT 99.1
QuickLinks -- Click here to rapidly navigate through this document


Exhibit 99.1

         LOGO

                          Press Release
                          For Immediate Release


Beazer Homes USA, Inc. Reports Home Orders,
Closings and Backlog for the
Quarter and Six Months Ended March 31, 2004

Atlanta, Ga., April 6, 2004—Beazer Homes USA, Inc. (NYSE:BZH) (www.beazer.com) today released preliminary unit net orders, closings and backlog for the quarter and six months ended March 31, 2004.

 
  New Orders (Units)
 
 
  For the Quarter Ended March 31,
  For the Six Months Ended March 31,
 
 
  2004
  2003
  %
Change

  2004
  2003
  %
Change

 
Southeast   1,636   1,628   0.5 % 2,679   2,643   1.4 %
West   1,885   1,277   47.6 % 3,339   2,216   50.7 %
Central   351   296   18.6 % 536   528   1.5 %
Mid-Atlantic   403   496   (18.8 )% 719   948   (24.2 )%
Midwest   757   882   (14.2 )% 1,063   1,385   (23.2 )%
   
 
     
 
     
Total   5,032   4,579   9.9 % 8,336   7,720   8.0 %
   
 
     
 
     

 


 

Closings (Units)


 
 
  For the Quarter Ended March 31,
  For the Six Months Ended March 31,
 
 
  2004
  2003
  %
Change

  2004
  2003
  %
Change

 
Southeast   1,197   1,093   9.5 % 2,454   2,186   12.3 %
West   1,404   1,095   28.2 % 2,618   2,135   22.6 %
Central   208   272   (23.5 )% 448   538   (16.7 )%
Mid-Atlantic   367   233   57.5 % 685   528   29.7 %
Midwest   508   604   (15.9 )% 1,087   1,392   (21.9 )%
   
 
     
 
     
Total   3,684   3,297   11.7 % 7,292   6,779   7.6 %
   
 
     
 
     

-more-


 
  Backlog (Units)
As of March 31,

 
 
  2004
  2003
  %
Change

 
Southeast   2,546   2,324   9.6 %
West   3,008   1,914   57.2 %
Central   484   497   (2.6 )%
Mid-Atlantic   1,151   1,120   2.8 %
Midwest   1,281   1,605   (20.2 )%
   
 
     
Total   8,470   7,460   13.5 %
   
 
     

        Preliminary backlog sales value as of March 31, 2004 totals $2.04 billion, up 37% from the backlog sales value of $1.49 billion as of March 31, 2003.

        Beazer Homes USA, Inc., based in Atlanta, Georgia, is one of the country's ten largest single-family homebuilders with operations in Arizona, California, Colorado, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, Nevada, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas and Virginia. Beazer Homes also provides mortgage origination and title services to its homebuyers.

Contact:   Leslie H. Kratcoski
Director, Investor Relations
(770) 829-3700
lkratcos@beazer.com



QuickLinks

Beazer Homes USA, Inc. Reports Home Orders, Closings and Backlog for the Quarter and Six Months Ended March 31, 2004